BEIJING: China's current account surplus surged 25 percent on year in 2010, official data showed Monday, marking a strong rebound in demand for Chinese-made products following the global financial crisis. The current account surplus - the broadest measure of trade with the world - reached $306.2 billion last year, the State Administration for Foreign Exchange said on its website. In 2009, as US and European demand for Chinese exports slumped, the country's current account surplus fell 35 percent to $284.1 billion. In the fourth quarter, the current account surplus rose 13 percent from the previous year to 102.2 billion dollars, almost unchanged from the third quarter, the figures showed. While rising demand for Chinese goods boosts growth in the world's second largest economy, it also means the central bank has to work harder to control the value of the yuan and to stem the flood of liquidity, which has been fuelling inflation. – Agence France
